Planning for retirement over a series of short-run time frames requires:
A) stating your retirement income objectives as a percentage of your present earnings.
B) the retiree to wait until age 50 to start planning.
C) annual savings of at least $100,000.
D) investment of retirement funds in more risky investments.
E) estimating the inflation factor by reducing inflation projections.

Question

Quizplus · Accepted Answer

Stating retirement income objectives as a percentage of present earnings is a useful way to plan for retirement over short-run time frames because it allows individuals to adjust their saving and investment strategies as their income changes. It also provides a concrete goal to work towards and can help individuals track their progress towards their retirement goals. The other options listed are not necessarily required or beneficial for short-term retirement planning.

Planning for Retirement Over a Series of Short-Run Time Frames